A key congressman wants to boost federal highway spending by 57% and set a six-year plan for such spending, a strategy at odds with Transportation Secretary Ray LaHood, who is seeking a shorter, 18-month extension of highway funding.
June 18, 2009BusinessGovernment
YRC Announces Deal With Pension Fund
YRC Worldwide last week said it has reached an agreement with the largest pension fund that pays benefits to YRC’s unionized employees. The agreement allows the company to defer $83 million in second-quarter pension payments while it provides real estate as collateral.
June 22, 2009GovernmentBusinessSafetyTechnologyEquipment
Obama, House Panel Spar Over Highway Plan
WASHINGTON — Setting up what could be a major confrontation between Congress and the White House over transportation policy, a key House committee unveiled a $500 billion blueprint to remake the U.S. transport system, while on the same day the administration instead proposed extending the current plan for 18 months.
June 22, 2009BusinessSafetyGovernment
Mass. Transportation Plan Delays Toll Increase
The Massachusetts Senate has approved a transportation reform bill that would avoid a planned toll increase in tolls and would abolish the Massachusetts Turnpike Authority by the end of the year, the Associated Press reported.
June 19, 2009BusinessGovernment
Opinion: Restructuring for LTL Success
A carrier’s primary mission is to operate profitably while keeping customers loyal. However, less-than-truckload carrier sales teams often fall short of the mark because they work separately from the operations division and often are at cross-purposes unintentionally.
June 19, 2009BusinessTechnologyGovernment
YRC Sets Pension Fund Agreement with Teamsters
YRC Worldwide said it has finalized an agreement with the Teamsters union in which YRC will provide real estate assets as collateral in lieu of contributions to the union’s pension fund in the second quarter.
June 18, 2009GovernmentBusiness
Leading Economic Indicators Gain 1.2%
An index of leading economic indicators rose 1.2% last month, the New York-based Conference Board said Thursday.
June 18, 2009BusinessGovernment
Philadelphia Manufacturing Index Improves
Manufacturing levels in the Philadelphia region improved this month but still showed contraction, the Federal Reserve Bank of Philadelphia said Thursday.
June 18, 2009BusinessGovernment
Consumer Price Index Increases 0.1%
The consumer price index gained 0.1% in May and declined over the past year by the biggest amount since 1950, the Labor Department said Wednesday.
June 17, 2009GovernmentBusinessSafetyFuel
FMC Asks Court to Dismiss its SoCal Ports Suit
The Federal Maritime Commission said Tuesday it is asking a federal court to dismiss FMC’s legal challenge to the Ports of Los Angeles and Long Beach, Calif., over the sister ports’ clean-trucks plans.
June 16, 2009